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How to Outsource your Accounts Payable

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Page 1: How to Outsource your Accounts Payable

How toOutsource Your

Accountspayable

Page 2: How to Outsource your Accounts Payable

Choose youroutsourcingpartnercautiously

01Before you choose to outsource,speak with their existing clientsstraight away.

Page 3: How to Outsource your Accounts Payable

Transparency isimportant inbusiness

02Ensure that you and your accountspayable in-house team have fullaccessibility to every phase of theprocess.

Page 4: How to Outsource your Accounts Payable

Take the time tovisit theoutsourcingcompany

03Take the opportunity to understandtheir strong points, flaws and thebest way to correspond with them.

Page 5: How to Outsource your Accounts Payable

Set KPIs (Keyperformanceindicators)

04This consists of the amount ofinvoices processed per month, errorrate, and on-time transactions.Create equivalent KPIs for theaccounts outsourcing company

https://www.cogneesol.com/
Page 6: How to Outsource your Accounts Payable

EmployeeInvolvement

05Best way to handle the update wouldbe to involve your accounts payablein-house staff.

https://www.cogneesol.com/accounts-payable-services
Page 7: How to Outsource your Accounts Payable

DisasterRecoveryArrangements

06You must make sure to create aprecise SLA, which you can fall backon.


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